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Unfulfilled Promise 9/8/20

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Scenario 1 should play out.
Watch support on Dow around 27300
 
2 minutes ago, jp6 said:

McClellan Summation Index says Party is over.

Scenario 1 should play out.

 

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Who will get the last laughs?

On 9/6/2020 at 1:03 PM, jp6 said:

Liquidity or No liquidity. Wheels are going to fall off before the Election. traders will decide which way market will go.

60/40 portfolio was under attack on Friday. Only safe trade was Dollar.

After huge rally with only one minor pullback, second pullback is bought almost immediately, was seen on Friday -the SP recovered from an intra-day 3% loss. As of Friday's , trend remains positive as long as the SP remains above 3300. Will go with Scenario 2. Gap down then Scenario 1

 

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